One of Napa’s iconic wineries has changed hands, part of a generational shift in the premier U.S. wine region. Doug Shafer, president of Shafer Vineyards, announced Feb. 16 that Shinsegae Property, a major luxury-brand firm based in Seoul, South Korea, with department stores, shopping centers, golf resorts, hotels and other interests, has acquired the winery. Details were not disclosed, but the price tag is reportedly $250 million, which includes 225 acres of prime Napa vines. Find out more about the major winery sale.
Member-Only Content
Premium SubscriptionJoin today and get immediate access to this article, and to our entire database of more than 400,000 wine ratings. It only takes moments—but it will help you drink better all year long.
Already a member? Sign In
Try Winespectator.com Free for 30 Days!
Full access to our database of more than 400,000 wine ratings
Early access to reviews on our editors' favorite just-rated wines
Wine and food pairing tool,
chefs' pairing recommendations
Best value wines and winery intel
Subscribe today
